Question
E15=16 (Compulation of Retained Earnings) The following information has been taken from the ledger accounts of Isaac Stern Corporation total income since incorporation.........................317.000 total cash
E15=16 (Compulation of Retained Earnings) The following information has been taken from the ledger accounts of Isaac Stern Corporation
total income since incorporation.........................317.000
total cash dividends paid......................................60,000
total value of stock dividends distributed ...........30,000
gains on treasury stock transactions.....................18,000
unamortized discount on bonds payable..............32,000
instructions
Determine the current balance of retained earnings.
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
3rd Canadian edition
978-1118727737, 1118727738, 978-1118033890
